RWE AG announced on Thursday that its earnings per share stood at €2.15 in the first quarter of its fiscal 2023, plunging 33% from the same period in 2022.
External revenue, excluding natural gas tax and electricity tax, jumped 18% year over year to €9.41 billion in the opening three-month timeframe in 2023, but net income contracted by 26% to land at €1.6 billion.
"In the first quarter of 2023, we generated 14% more green electricity than in the same period last year. And we have the financial resources to continue investing strongly in organic growth this year. Our project pipeline is well filled, and the forthcoming auctions open up further attractive opportunities for us," Chief Financial Officer Michael Mueller said in a press release.
